Bridge Corporation Issued a 15% Stock Dividend on 20,000 Outstanding

Bridge Corporation issued a 15% stock dividend on 20,000 outstanding shares of $10 stated value common stock. The distribution was made at the time the market value of the stock was $50 a share. How did this transaction affect the company's total stockholders' equity?

A) The total balances in equity accounts increased by $150,000.
B) The sum of the balances in equity accounts increased by $30,000.
C) The sum of the balances in equity accounts decreased by $150,000.
D) Total stockholders' equity was not affected by this transaction.